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Morningside

6-8 Taylors Road and 2-4 Gordon Road, Morningside, Auckland

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2,554sqm Land area SQM
1,976sqm Floor area

Rare Industrial Investments on Mixed Use Land


• 2 x fully leased industrial buildings for sale individually or together
• Returning $526,997 + GST p.a. with excellent tenant covenants
• Attractive lease terms with landlord friendly development provisions
• Combined 2,554sqm corner site in sought after mixed-use enclave

These fully leased city fringe industrial buildings provide an exciting opportunity for an investor to secure either one or two well leased, refurbished industrial properties. Alternatively, a land banker or developer can secure a 2,554sqm fee simple Business - Mixed Use corner site in one of the most popular commercial and residential precincts - Morningside.

The flexible industrial buildings have been refurbished and upgraded and are now home to ECC lighting and Novii (commercial lighting specialists) The properties can be purchased individually or together with options to redevelop in the medium term. 2-4 Gordon Road returns $239,753 + GST p.a. and 6-8 Taylors Road returns $287,244 + GST p.a., providing a total income of $526,997 + GST p.a. on long-term leases.

This location benefits from excellent access to public transport links, being a short walk from Morningside train station and is surrounded by a diverse mix of creative tenants, hospitality operators and residential development.

Whether as a bottom-drawer investment or strategic development site, these properties demand further consideration. Don't miss this "super rare" opportunity.

For Sale by Negotiation
Alan Haydock

Alan Haydock


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Damien Bullick

Damien Bullick


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008

Features

Land area


Combined 2,554sqm corner site in sought after mixed-use enclave

Occupancy


Attractive lease terms with landlord friendly development provisions

Opportunity


2 x fully leased industrial buildings for sale individually or together

Passing income


Returning $526,997 + GST p.a. with excellent tenant covenants